Nasdaq-listed The9 became the latest Chinese mining firm to pack its bags after a regulatory crackdown.
The Shanghai-based company reserved 15 megawatts of capacity in a 300MW hydro-powered facility of Russia's BitRiver, according to a press release. The two-year agreement includes an option to extend for a further year.
Online gambling firm 500.com entered the industry around the same time, later changing its name to BIT Mining. It has also relocated, moving its rigs to Kazakhstan following regulatory pressure.
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